Adamera Defines New Targets Near the Poland-China Mine
27 Novembre 2013 - 3:50PM
Access Wire
Vancouver, BC, November 27, 2013 -
Adamera Minerals Corp. (TSX V:
ADZ) -
announces that a recently completed geophysical survey over
and around the historic Poland-China Mine in Washington State has
defined new targets and corroborates the new shear hosted gold
model (See release dated
October 16, 2014) for mineralization on the
property.
At the Poland-China Mine, a
highly conductive 30-40 metre thick graphitic shear zone dipping
shallowly to the north is variably mineralized with gold.
Higher-grade gold (3-44 g/t Au) is associated with zones of intense
silica alteration and increased sulphides while lower gold grades
(0.5-2 g/t Au) occur within a graphitic shear matrix. An electrical
gradient array survey was completed to identify resistive silica
rich high-grade gold zones within the highly conductive graphitic
shear zone, and spontaneous potential (SP) values were recorded at
each site to identify possible sulphide-rich zones.
The survey successfully
identified several resistive zones, interpreted to be zones of
increased silicification and SP anomalies interpreted to be zones
of increased sulfide content. Resulting high priority targets have
both resistive and SP anomalies. The gradient array survey supports
a north-dipping conductive shear zone which appears to continue at
depth.
Drill hole DDH-10, which
returned 29g/t Au over 0.40 metres within a 3.7 metre wide zone
averaging 4.5 g/t Au, appears to have just penetrated the margin of
a resistive zone and nearby SP anomaly. The main portion of this
resistive zone remains untested and is a high priority target for
further drill testing. Several similar untested targets exist
within the survey area.
"The
correlation between this survey and our new deposit model is
compelling. It has delivered several new targets to test around the
mine site and provides increased confidence of a significant
down-dip extension," says Mark Kolebaba, President and
CEO of Adamera Minerals Corp.
Two to three shallow drill
holes are recommended to test the predictability of the high-grade
gold zone intersected in DDH-10 and also the extent of a resistive
zone.
The survey was designed by and conducted
under the supervision of C. Topping. The data was interpreted by R.
Fox of Practical geophysics. Jim Ebisch, P.Geol is the Qualified
Person as defined by National Instrument 43-101 reviewing the data
in this release.
About
Adamera
Adamera's strategy in
Washington State is to discover high-grade gold mineralization near
the Kinross Kettle River Mill. The Kinross mill is reported to be
operating at half capacity with ore shipped 70 kilometres from the
1.3 million ounce Buckhorn mine. The Buckhorn mine has only 2 years
reported mine life remaining. Average grade of the Buckhorn mine is
11.3 g/t gold and production costs are reported to be between $420
and $500 per ounce. Adamera is currently exploring five projects
with high-grade gold potential within hauling distance of the
Kinross Mill.
On behalf of the Board of
Directors,
Mark Kolebaba
President & CEO
For additional information please
contact:
Heather Kays
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. Statements in this press
release, other than purely historical information, including
statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in
resource exploration and development. As a result, actual results
may vary materially from those described in the forward-looking
statements.
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